Victorian government to sell six development sites

Property Markets / Planning, Zoning, Infrastructure

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Six strategically located development sites amassing about 16 hectares hit the market today as part of the Victorian government’s Inclusionary Housing Pilot, an initiative to deliver at least 100 new community housing residences across the state.

Savills Australia’s Julian Heatherich, Mark Stafford and Jesse Radisich have been appointed to manage the expressions-of-interest campaign, saying they expected enquiries to come from a broad range of local and national developers.

“Large, strategically located development sites are becoming increasingly difficult to find across the state,” Mr Heatherich said.

“This portfolio provides an opportunity for one or more experienced developers to deliver a mix of new private, affordable and community housing options in key Victorian locations.”

The Inclusionary Housing Pilot forms part of the state government’s housing strategy, which includes Homes For Victorians (March 2017) and Plan Melbourne 2017-2050 (March 2017).

“As Melbourne’s population continues to escalate at a rapid rate, with eight million residents predicted by 2050, this strategy addresses the critical need to increase the supply of affordable housing.”

The selected sites are positioned in well-established Victorian suburbs, close to retail amenities, parks, schools and public transport.

Six strategically located development sites amassing about 16 hectares hit the market today as part of the Victorian government’s Inclusionary Housing Pilot, an initiative to deliver at least 100 new community housing residences across the state.

Savills Australia’s Julian Heatherich, Mark Stafford and Jesse Radisich have been appointed to manage the expressions-of-interest campaign, saying they expected enquiries to come from a broad range of local and national developers.

“Large, strategically located development sites are becoming increasingly difficult to find across the state,” Mr Heatherich said.

“This portfolio provides an opportunity for one or more experienced developers to deliver a mix of new private, affordable and community housing options in key Victorian locations.”

The Inclusionary Housing Pilot forms part of the state government’s housing strategy, which includes Homes For Victorians (March 2017) and Plan Melbourne 2017-2050 (March 2017).

“As Melbourne’s population continues to escalate at a rapid rate, with eight million residents predicted by 2050, this strategy addresses the critical need to increase the supply of affordable housing.”

The selected sites are positioned in well-established Victorian suburbs, close to retail amenities, parks, schools and public transport.

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